Cobalt R5

10% share $19,500 | Monthly fee $485 + fuel




The Cobalt R5 Bowrider is the perfect go-to boat for effortless fun on the water. Whether you’re planning a family day trip, afternoon zip about, or a sunset cruise with friends, the R5 makes every day a joyous escape.

The sporty and luxurious Cobalt R5 is the ultimate runabout, designed with sleek lines, and nimble handling for optimum performance.

The R5 also puts comfort and ease front and centre. In addition to impressive seating capacity (its interior beam is up to a foot wider than any competitor), it features a versatile layout, abundant storage and stylish, thoughtful design.

Best of all, SMART Boat provides the perfect way to enjoy the R5, with no preparation, no cleaning, no drama. All you need to do is book, board and enjoy!

A sleek and stylish runabout

The agile R5 is a mid-sized runabout that delivers a ride unlike any other. And while it offers the luxury and performance synonymous with the Cobalt name, its eye-catching profile is what really turns heads.

The R5 features a walk-thru transom, swim platform and sun pad seamlessly integrated into the cohesive design, striking the perfect balance between form and function. It’s luxury interior appointments include convertible back rests, butter-soft wraparound seating and ergonomic armrests and footrests.

And among the exquisite detailing there’s Ebony Macassar trim, duotone aluminium dash panels, stainless steel switches, five-inch digital gauges with multi-function readouts and a leather wheel wrap – a Cobalt tradition. There’s also a premium stereo… because every cruise needs tunes!

Interior features include:

  • Cobalt Glass Cockpit with touch screen displays
  • Aircraft-inspired stainless switches
  • Precision-sewn interior details
  • Seats that convert to a sun lounge
  • Deep bow and cockpit seating
  • Hand-crafted helm with detailed, quilted, double-stitching
  • Fresco Chil Vinyl on darker interior colors that stays 15 to 20 degrees cooler than traditional vinyls

The perfect family adventure

Cobalt is a leading U.S boat builder, and it’s been crafting premium boats for over 50 years. Known to water lovers world-wide, Cobalt is committed to performance, luxury, innovation and safety.

With a proven reputation in design and engineering innovation, it’s no surprise that Cobalt’s design and functionality has continued to set the standard for boating excellence

Only a Cobalt offers:

1. Patented Swim Step for easy water access
2. Maximum interior space
3. 16-layer hand-laid fiberglass at keel
4. Deep-V hull design for smooth ride
5. Double French-stitched interiors
6. Molded-in gelcoat graphics on exterior
7. Extended running surface

Here now and ready for summer!

SMART Boating’s Cobalt R5 is based at Bayview Anchorage and lives in a berth – not a swing mooring – and we clean, maintain and service the vessel. When you turn up, the covers are off and your boat is good to go.

There’s no need to clean or hose your boat when you’re back either. Just disembark and head home.

So if you’re looking for an impressive, easy to afford and most of all, fun way to get out on the water for a couple of hours, or even a couple of days, we have the answer… the Cobalt R5 Bowrider.

It’s here now and ready for summer!

An enviable lifestyle

Sharing a boat is the ultimate way to own a boat and the most affordable way to make your boating dreams possible.

Boat Share really is having it all – the experience and excitement of owning a boat with absolutely none of the stress that goes with maintaining it.

Sharing the cost of a magnificent boat gives you an enviable lifestyle with huge value… and just a fraction of the cost of purchasing a new vessel.

Your investment

A 10% share is $19,500 and the monthly fee is $485.

Your monthly management fee includes:

  • Professional management
  • Marina/mooring fees
  • Comprehensive insurance
  • Servicing, cleaning and maintenance
  • Annual slip, anti-foul and hull polishing
  • Contingency fund for repairs and equipment replacement.

A smart arrangement

Unlike other boat share arrangements, SMART Boating boat shares are an equity purchase with a capital return to you when we sell the boat at the end of the term.

This SMART Boating syndicate runs for five years, after which time the boat will be sold and all owners receive an equal share of the net sale price. If you want or need to exit the syndicate early there is absolutely no penalty – and we can even help facilitate the sale of your share.

To find out more, please call Martin on 0419 265 273 or David on 0418 211 832. Or if you are ready to get started now, download an application form here.

Contact us for any other boat sharing enquiries.


Do you have any questions? Maybe these answers will help.

Yes. Your unit in the Trust is a tradable asset, which you are free to on-sell at any time to anyone for any price.

However, the new owner will have to satisfy certain conditions to protect the remaining owners and pay for their familiarisation session on the boat (cost of $250 incl GST + expenses).

Smart Boating will broker a unit for you for a 5% + GST share of the sale price achieved.

The syndicate agreement runs for five years, at which time the boat is sold and the net proceeds are then returned to each owner according to the equity they hold.

This has the benefit of giving you the best resale value and is before maintenance costs would start to increase on the boat. Many owners stay with us and move on to a new yacht or upgrade to a larger model.

No, basically everything is included.

The only additional costs to bear in mind are the cost for acquiring and installing additional equipment voted upon by the owners themselves, any insurance excess payments that may become due following a claim, stand-by use fees, any contingency fund top ups needed and, for motorboat owners, the cost of fuel used.

Every boat is comprehensively fitted out with all the necessary equipment and luxuries, including cooking utensils, bedding, hot/cold showers, stereo with CD player, iPod connection and cockpit speakers, barbecue, electric fridge and icebox, bimini and boom awning, wind, depth and speed instruments, electric flush toilet, electric anchor winch and safety gear.

In the unlikely event of damage, each owner has signed an agreement to pay for any damage they cause to the boat.

The boat will be fully insured, which should limit this liability to a maximum insurance excess of $2,000.

The boat and equipment are initially covered by a manufacturer’s warranty and there is an allowance in the monthly fee that goes into a sinking fund for unpredictable expenses.

  • We use carefully selected brands and boats that are ideal for multiple owner use and that we believe will achieve the best resale values in five years’ time.
  • We have an office open seven days a week where your boat is berthed and have a team available for any assistance required with berthing or the boat’s administration and operation.
  • We offer the full range of maintenance services from the marina, which prevents the unreliability of contractors who may not care for your boat as we would.
  • We can offer all syndicate owners additional training from qualified instructors.
  • We have an on-water breakdown service available to you throughout Pittwater/Broken Bay/The Hawkesbury River. (Note – charges may apply for this service.)
  • Your boat will always be cleaned and prepared for your use before you arrive with the tanks full, fridge cold, hatches opened and batteries charged – simply walk on and sail off.

This is a common question and really depends on the person at the helm. Luckily for you, a member of the Smart Boating team will be around to jump on board and give you a hand.

Maybe you’re concerned because you don’t know how to sail? To be honest, if you have enough skills to manage a motorboat it would take very little to gain the skills you need to manage a yacht. All our yachts have reliable and convenient in-mast furling.

Our ‘learn to sail a yacht’ courses are great value and perfect to get you up to standard. Or we can arrange one-on-one training to suit your specific needs.

And talking of sailing… have you considered how relaxing sailing is? But can you find peace, quiet and performance on a powerboat, too? Yes, of course you can!

Our Integrity 380 powerboat gets you where you need to go quietly and quickly, at up to 14 knots. This easy to handle motor cruiser boasts the space and comfort you’d expect from a 36+ footer!

No. To ensure the vessel is kept at a high standard and for the safety of the dog and comfort of the other owners, we don’t allow you to bring any animals on board.

Yes – and we even have dedicated Smart Boating buoys in designated areas.


Our boat owners are just like you and they are living their best life. Read what they have to say about their Smart Boating experiences.

“We were amazed at what Smart Boating delivered for our money compared to buying our own boat outright. Both David and Martin are friendly and relaxed, and one of them is always around to help or give advice if I want it. If there are any little problems with the boat, they are always sorted out straight away. “

Mike Weedon, Hanse 345

“We simply walk on – and walk off at the end of the day, and there’s no time wasted maintaining or worrying about the boat – we leave all that to Smart Boating. We were looking for ease of use and that’s what Smart Boating delivers. We get to enjoy all the good bits about owning a boat and we leave all the hard bits to Smart Boating.”

Mark Tyler, Integrity 380

“Our share in ‘Infinity’ has not only given us more time together as a family… it has given us so much pleasure and some very precious memories – at a fraction of the cost of owning our own boat outright.”

Richard Body, Lagoon 38

The boat is always perfect. The people at Smart Boating deliver what they say they are going to deliver – a walk-on walk-off service. And they deliver it every time. We arrive to a clean boat, full of fuel and water, with fresh linen on board. We don’t have to worry about anything. We just head off up Pittwater and relax.”

Megan and Adrian Barnes, Hanse 370

Hi Martin, team. Just a short note to say thank you for a seamless onboarding to Smartboating and Laguna. I have just returned from our maiden voyage/weekend booking, everything was in order and all had a great experience. Congrats on your product and service.

Andrew Riggs, Lagoon 42

“I wanted to say thank you for making the experience so memorable. We have so valued and enjoyed our time on the water with you support and service. We look back as being so fortunate in having Smart Boating look after us.”

Frank Sowden, Integrity 380

Smartboating offers a great product and 6-star service

Ray Walsh, Integrity 380

Contact Us

If you hear the sea calling you… don’t wait another minute, contact Smart Boating today!

    Pick your dream boat

    Yachts, motor cruisers or catamarans, the choice is yours…

    Sydney’s Middle Harbour

    RYCK 280

    Discover the world from beyond the waves with the high-quality “Surf and Fun” RYCK 280 – a sophisticated German-made performance vessel to suit a range of water enthusiasts.



    Palm Beach PB32

    The Australian-designed PALM BEACH PB32 affords classic styling and efficient performance in a sleek, compact and very comfortable package.

    Pittwater + Whitsundays

    Hanse 418

    The beautiful new lines, straight stem and extra-long waterline of the Hanse 418 are key to a fast, safe and comfortable sailing experience.